This article was published in Bitcoin Magazine. “The inscription problem”. click here To get an annual Bitcoin Magazine subscription.Click here to download a PDF of this article.Ordinal numbers have been a polarizing phenomenon in most every subcommunity of Bitcoin, except miners. The rapid rise of the new Bitcoin-based NFT standard has dominated the discourse for months, with Ordinals flooding block space and driving transaction fees to multi-year highs. According to critics, these transactions are, at worst, an attack on Bitcoin that pollutes the sanctity of scarce block space. At best, it’s just a shitcoin, a gambler’s toy belonging to a…
Author: Crypto Flexs
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Fred Thiel, CEO of Marathon Digital Holdings, predicted that the break-even point for Bitcoin mining will rise to around $43,000 after the upcoming halving event. The significant increase over the current industry average of $23,000 highlights the potential impact on miners’ profitability. Thiel shared these insights in a Bloomberg Television interview, highlighting the challenges and adjustments miners will face. Marathon Digital, the leading U.S. Bitcoin mining company, is aggressively expanding its power infrastructure and deploying new equipment to mitigate expected revenue declines due to the halving. Thiel emphasized that the company urgently needs greater capacity as it approaches its current…
Posted 1 minute ago In ~ Marathon Digital Holdings (MDH) is building out its cryptocurrency mining resources as it prepares to withstand planned changes to Bitcoin blockchain programming that could reduce its profits. In an announcement Thursday, the company announced it would purchase a 200-megawatt data center in Texas for $87.3 million. This will also significantly change the way Marathon conducts mining.“Upon completion of this acquisition and the anticipated site expansion in 2024, Marathon will increase the number of megawatts in its mining portfolio to 1.1 gigawatts, 54% of which will reside on sites directly owned and operated by the…
One of them appears to have been written after FTX filed for bankruptcy and includes a list of options for how Bankman-Fried could resolve the bankruptcy situation. Options include criticizing lawyers, appearing on former Fox News host Tucker Carlson’s show and “coming out as a Republican,” and interviewing Michael Lewis (who published a book about him a year later). This ranged from sharing letters with employees to tweeting them. A thread about his depression medication.
join us telegram A channel to stay up to date on breaking news coverage Dogecoin20 is the latest and greatest addition to the Doge meme coin family. Dogecoin20 ($DOGE20) is a great upgrade to the dog meme coin and could be the next Dogecoin or Shiba Inu. Dogecoin20 raised $250,000 in less than 24 hours, making it a leading candidate to become the next meme coin to explode virally. From jokes to multi-billion dollar valuations, Dogecoin is the number one dog meme coin in a community built around meme humor on the internet. It was Doge who captured the zeitgeist…
Senators Jack Reed and Laphonza Butler called on the SEC to stop approving new cryptocurrency ETFs, highlighting the risks for individual investors. US Senators Jack Reed and Laphonza Butler have taken a firm stance against the expansion of cryptocurrency exchange-traded funds (ETFs). Senators expressed serious concerns about the “enormous risks” these financial products pose to individual investors, citing their vulnerability to fraud and market manipulation. The move comes as regulators look into the cryptocurrency market more broadly. In a joint statement, Senators Reed and Butler pointed to the nascent nature of the cryptocurrency trading market, which they believe is not…
In a document submitted to members of Congress, the U.S. Federal Reserve (Fed) listed central bank digital currency (CBDC) as one of its “core mandates.” Tom Emmer, a Republican from Minnesota, is the House majority leader. Called Federal Reserve officials handed staff a document titled “The Federal Reserve’s Primary Mission – Payment Systems” early in the congressional meeting. “If you don’t think the Federal Reserve is pursuing a CBDC, think again. They see it as one of their primary mandates.” Source: Tom Emmer/X Emmer, a cryptocurrency proponent and CBDC skeptic, has previously said that digitized fiat currencies are simply a…
Ethereum Rollup, a layer 2 scaling architecture, has begun to benefit from the recently applied Dencun upgrade. Updates with EIP-4844, also known as Proto-Danksharding, have enabled transaction fees to be reduced by 99% in some cases, with Arbitrum, Base, Optimism, and Starknet becoming cheaper across the board. Ethereum Dencun upgrade reduces rollup costs (…)
Helium Farms Allow Users to Easily Start Helium Mining – Chainwire housenewsroomHelium farms allow users to easily start mining helium. We use cookies to make Chainwire’s website a better experience. Cookies help us give you a more personalized experience, relevant advertising and provide us with web analytics. Technical storage or access is strictly necessary for the legitimate purpose of enabling the use of specific services explicitly requested by the subscriber or user, or for the sole purpose of transmitting communications over electronic communications networks. Technical storage or access is necessary for the legitimate purpose of storing preferences that…
Posted 1 minute ago In ~ Updated: March 15, 2024, 3:22 PM EDT U.S. prosecutors have asked a court to imprison former FTX CEO Sam Bankman-Fried for up to 50 years, according to a memo filed Friday.Bankman-Fried, who is scheduled to be sentenced March 28, faces 40 to 50 years in prison, according to a memo signed by Damian Williams, U.S. Attorney for the Southern District of New York. “All the advantages of a comfortable upbringing, an MIT education, an honorable start in finance, and a valuable idea for a startup company allowed Bankman-Fried to pursue the rewarding, productive, and…